Saturday, 9 November 2024

FINANCIAL RESULTS AS AT 31 MARCH 2010    
     
     
BALANCE SHEET- AS AT 31 MARCH 2010
   
R'000
FIXED ASSETS & INVESTMENTS (AT MARKET VALUE)  
49 690 748
CURRENT ASSETS  
250 662
SUB TOTAL  
49 941 410
LESS : CURRENT LIABILITIES  
(1 828 144)
ACCUMULATED FUNDS
TOTAL
48 113 266
REVENUE AND EXPENDITURE - 1 APRIL 2009 TO 31 MARCH 2010
CONTRIBUTIONS RECEIVED  
261 981
TRANSFERS RECEIVED  
412
INVESTMENT INCOME  
(11 576 526)
TOTAL INCOME  
(11 838 919)
  LESS: TOTAL ADMINISTRATION EXPENSES  
( 86 578)
  BENEFITS PAID AND TRANSFERS OUT  
(1 378 257)
NET EXPENDITURE  
(1 464 835)
ADD ACCUMULATED FUNDS AT BEGINNING OF YEAR  
37 739 782
ACCUMULATED FUNDS AT END OF YEAR  
48 113 266
 

INCOME AND BENEFITS PAID

Contribution and Investment income for 2010 amounted to (R 11 839 million). Benefits paid and transfers out of the Fund totalled (R1 378 million). In terms of the Industrial Agreement, members contribute 6,6% of pensionable remuneration. Employers contribute at a rate of 6,6% of pensionable remuneration.
 
 

 

CONTRIBUTION AND INVESTMENT INCOME (R000,000’S)

BENEFITS PAID AND TRANSFERS OUT (R000,000’S)

 
 
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